Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgeted conversion cost for the year is $886,200 for 2,110 production hours. Each unit requires 20 minutes of cell process time. During March, 790 DVR players were manufactured in the cell. The materials cost per unit is $61. The following summary transactions took place during March: Materials were purchased for March production. Conversion costs were applied to production. 790 DVR players were assembled and placed in finished goods. 750 DVR players were sold for $356 per unit. Question Content Area a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar.fill in the blank 1 of 1$ per hour b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar.fill in the blank 1 of 1$ per unit Feedback Area Feedback Question Content Area c. Journalize the summary transactions (1)–(4) for March. If an amount box does not require an entry, leave it blank. Transaction Account Debit Credit 1. 2. 3. 4. Sale 4. Cost
Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgeted conversion cost for the year is $886,200 for 2,110 production hours. Each unit requires 20 minutes of cell process time. During March, 790 DVR players were manufactured in the cell. The materials cost per unit is $61. The following summary transactions took place during March: Materials were purchased for March production. Conversion costs were applied to production. 790 DVR players were assembled and placed in finished goods. 750 DVR players were sold for $356 per unit. Question Content Area a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar.fill in the blank 1 of 1$ per hour b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar.fill in the blank 1 of 1$ per unit Feedback Area Feedback Question Content Area c. Journalize the summary transactions (1)–(4) for March. If an amount box does not require an entry, leave it blank. Transaction Account Debit Credit 1. 2. 3. 4. Sale 4. Cost
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter13: Lean Manufacturing And Activity Analysis
Section: Chapter Questions
Problem 12E
Related questions
Question
Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgeted conversion cost for the year is $886,200 for 2,110 production hours. Each unit requires 20 minutes of cell process time. During March, 790 DVR players were manufactured in the cell. The materials cost per unit is $61. The following summary transactions took place during March:
- Materials were purchased for March production.
- Conversion costs were applied to production.
- 790 DVR players were assembled and placed in finished goods.
- 750 DVR players were sold for $356 per unit.
Question Content Area
a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar.
fill in the blank 1 of 1$ per hour
b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar.
fill in the blank 1 of 1$ per unit
Feedback Area
Feedback
Question Content Area
c. Journalize the summary transactions (1)–(4) for March. If an amount box does not require an entry, leave it blank.
| Transaction | Account | Debit | Credit |
|---|---|---|---|
| 1. |
|
||
|
|
|||
| 2. |
|
||
|
|
|||
| 3. |
|
||
|
|
|||
| 4. Sale |
|
||
|
|
|||
| 4. Cost |
|
||
|
|
AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
Unlock instant AI solutions
Tap the button
to generate a solution
Recommended textbooks for you
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Essentials of Business Analytics (MindTap Course …
Statistics
ISBN:
9781305627734
Author:
Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College